Debt / EU Budget / MFF / EU recovery plan / Europe’s economic recovery / Competition and Industrial Policy / Financial Services

German court rejects bid to block EU recovery fund

Posted On: 11 May 2021   |   Posted By: Politico

Germany's federal constitutional court today rejected a request to block the EU's recovery fund from coming into effect, removing one more obstacle for the bloc's first joint-debt mechanism.
The complaint, brought last month by academic association Bündnis Bürgerwille , argued that the fund is against Germany's budgetary sovereignty, enshrined in the country's constitution. The court said the complaint is “neither inadmissible from the outset nor manifestly unfounded,” but that granting an injunction which would prevent Germany's president from ratifying the fund, thus stalling the process for the entire bloc, outweighs the risk of breaching Germany's constitution.
“The disadvantages that result if the temporary injunction is not issued but the later proves to be unconstitutional are less severe than the consequences that would occur if the temporary injunction were issued but the constitutional complaint later proves to be unfounded,” the court said in...

Continue reading ...

 








‘Reassuring' Queen stepping out without Prince Philip today shows she WILL go on

‘Reassuring' Queen stepping out without Prince Philip today shows she WILL go on

THE QUEEN will address the nation in her first outing since the death of her husband Prince Philip, the Duke of Edinburgh. Read more ...

Boris's 'rocket fuel' Queen's Speech for the Blue Wall

Boris's 'rocket fuel' Queen's Speech for the Blue Wall

Boris Johnson will move to cement his new 'Blue Wall' vowing people will no longer have to move to London for decent work, and boosting education opportunities. Read more ...

Stroke patient, 75, ‘died after being sexually assaulted in hospital bed'

Stroke patient, 75, ‘died after being sexually assaulted in hospital bed'

Valerie Kneale, 75, suffered a stroke and then broke her leg after falling from a chair A stroke patient is believed to have died after being sexually assaulted while she lay... Read more ...

Sir Alex Ferguson hails Steven Gerrard's impact at Rangers

Sir Alex Ferguson hails Steven Gerrard's impact at Rangers

Sir Alex Ferguson says Steven Gerrard has been ‘magnificent' at Rangers Former Manchester United manager Sir Alex Ferguson believes Steven Gerrard has done a ‘magnificent' job... Read more ...

Jack Grealish's agent fires warning to Manchester United over possible move...

Jack Grealish's agent fires warning to Manchester United over possible move for Aston Villa captain

Jack Grealish has been linked with a move away from Aston Villa for years Manchester United are not at the front of the queue to sign Jack Grealish with numerous clubs... Read more ...

Norwich City announce Kenny McLean is ruled out of Euros for Scotland

Norwich City announce Kenny McLean is ruled out of Euros for Scotland

The Canaries have confirmed the midfielder will be out for 12 weeks Read more ...

‘We get attacked over lies that were not told 18 years on': Alastair...

‘We get attacked over lies that were not told 18 years on': Alastair Campbell and Susanna Reid clash in debate over Tony Blair

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Susanna Reid and Alastair Campbell locked horns in a heated... Read more ...

Sharon Osbourne shares rare photo of daughter Aimee to mark special celebration

Sharon Osbourne shares rare photo of daughter Aimee to mark special celebration

Sharon Osbourne and her family have lived their lives in the public eye for decades, having... Read more ...

Coronavirus Scotland LIVE as Nicola Sturgeon set to make lockdown announcement

Coronavirus Scotland LIVE as Nicola Sturgeon set to make lockdown announcement

The First Minister will likely confirm the country can move to level two as of next Monday when she updates Scots at a media briefing later today. Read more ...

Queen 'takes care of everybody' - goddaughter lifts lid on monarch's private...

Queen 'takes care of everybody' - goddaughter lifts lid on monarch's private life

THE Queen has been described as incredibly caring by her goddaughter, in a rare chat about the monarch's private life. Read more ...